TCS Q1 Results Live Updates: Stock ends at day's high ahead of earnings

TCS Q1 Results Live Updates:

Tata Group giant and India's largest IT services company, Tata Consultancy Services Ltd. (TCS) is set to report its results after market hours on Thursday, July 9. As per a CNBC-TV18 poll, the company's US Dollar revenue is seen flat at $7,611 million, compared to $7,621 million in the March quarter. Revenue growth in constant currency terms is seen at 0.15%, while the estimates range from a negative 0.1% to positive 0.4%. EBIT margins for the quarter are seen narrowing by 120 basis points sequentially to 24.15% from 25.3% earlier due to wage hikes, which will be partially offset by a weak currency, that will provide a buffer of 40-50 basis points. Net profit is seen 2.1% lower at ₹13,461 crore from ₹13,718 crore in March. The company could also see one-time legal expense provisions of $70 million this quarter. The stock has declined 35% so far this year and is now trading at 14 times its financial year 2028 estimated price-to-earnings, well below its historical averages. Watch this space for all the LIVE earnings updates from TCS.